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Today's Tax News & Analysis Highlights

Wednesday, August 20, 2008

FEDERAL NEWS

  • IRS Issues Proposed Regulations on Outbound Asset Transfers
  • IRS Releases Final Instructions to Redesigned EO Information Return
  • IRS Broadens Definition of Dependent to Ease Use of Medical Savings Accounts
  • Correction: NFL Cannot Issue Tax-Exempt Bonds
  • IRS Issues Proposed Regs on Transfers to Foreign Corporations, Distributions to Domestic Corporations
  • IRS Releases Domestic Asset/Liability Percentages for Foreign Life Insurance Companies

STATE NEWS

  • State Reps: More Electronic Data Means More Business Disclosure Reluctance
  • Idaho Governor's Transportation Plan to Include User Fees
  • New York Assembly Passes Property Tax Circuit Breaker, Millionaires Tax
  • North Carolina Lawmakers Approve Measure Closing Franchise Tax Loophole
  • Delay of New Tax on Solid Waste Disposal Dies in North Carolina Senate
  • Washington GOP Candidate Proposes Reviving Voter-Approved Spending Limits

INTERNATIONAL NEWS

  • Dutch Dividend Withholding Tax Violates EU Law, Supreme Court Says
  • Profit on Offshore Supplies by Foreign Companies Not Taxable in India, Tribunal Says
  • Indian Government Pursuing Information About Liechtenstein Account Holders
  • Japanese Tax Reform Plan Would Exempt Repatriated Dividends
  • Belarus Expands Tax Incentives for Rural Development
  • Argentina Repeals Tax Incentive for Securitization Structures

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